Skip to main content

About your Search

20121222
20121230
SPONSOR
SHOW
STATION
CNNW 4
LANGUAGE
Search Results 0 to 3 of about 4
CNN
Dec 30, 2012 12:00pm PST
country needs to do. we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a political battle over the increase in marginal tax rates based on what you earn. i understand there's a lot more to this puzzle. but on that front, because that's the one that gets most of the ink around here. it's the whether people who earn more than 250,000 or 2z 400,000 or a million should pay more tax. the point i'm trying to get at is that's not going to hurt the economy. that's all we're talking about. paying 4.6 percentage points higher on your income over 250,000, the evidence isn't there that that's going to hurt the economy. >> it will take taxes from 35% to 43.6%. beca
CNN
Dec 23, 2012 12:00pm PST
the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the price of meat goes up. they don't switch from meat to chicken because the price of beef has gone up. they don't switch from say, arugula to iceberg lettuce, it doesn't account for how behavior changes. chained cpi presents a chained basket of goods, measuring how people react to price changes, not simply the fact that prices have changed. now chained cpi would account for fact that you're buying more chicken when beef is too expensive. that could result in a slower rate of inflation, it saves the government money on tho
CNN
Dec 29, 2012 10:00am PST
government shutdown. it is ridiculous that we are here because we want to be having a big discussion. we have all the facts in front of us. we know that there are people like you kwhof a position on taxes. we know there are others who have positions on other things. and our democracy is supposed to allow us to somehow come to together, to convene, to deliberate and to evolve some sort of a compromise. what response -- what responsibility do you think conservative republicans who have signed this pledge to grover norquist bear for us getting to where we are today? >> well, actually, let me defend grover for a second. >> sure. >> he actually has signed on to some kind of a deal. we're in a situation that if nothing happens taxes go up on everyone. so -- and then a guy like me doesn't want to see that happen obviously. look, i want to make one other point. even if we go over the so-called cliff, and i think cliff is a bad metaphor here, really kind of a slope. it's not like the world's going to come to an end january 1st or 2nd if we don't have an agreement. i agree with ken. i think so
CNN
Dec 22, 2012 10:00am PST
his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how much they go up by tracking a basket of goods that americans typically buy. this is important because it's used to calculate cost of living adjustments and social security. checks pay a little more each year in line with inflation as calculated by that consumer price index. now, one potential flaw in the system, consumer price index assumes people don't change their basket, if, say, the price of meat goes up. in other words, they don't switch from meat to chicken because the price of beef has gone up. they don't switch from, say, arugula to, i don't know, iceberg lettuce. it doesn't account for how behavior changes. chain consumer price index creates a chain basket of goods to measure inflation more accurately. it's measuring how people react to price changes not simply the fact that heiss pryces have changed. chained cpi could result in a slower rate
Search Results 0 to 3 of about 4